$FRAX has printed a strong V-shaped recovery from the 0.70 support zone, followed by a powerful impulsive candle that reclaimed the entire prior range. This move signals aggressive buyer absorption after the sell-off.

Price is now holding above the key breakout base, keeping momentum biased to the upside as long as this level is defended. Structure favors continuation, not exhaustion.

Trade Setup (Long)

Entry Zone: 0.88 – 0.92

Stop Loss: 0.82

Targets:

TP1: 0.98

TP2: 1.05

TP3: 1.15

Best approach is to avoid chasing extended candles and wait for controlled pullbacks into the entry zone for higher-probability execution.

FRAXUSDT

Perp

0.8031

-13.00%